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Bank of Queensland Bans Crypto Purchases Using Home Equity Loans

Australian retail lender Bank of Queensland is updating its borrowers’ loan contracts to keep them from purchasing cryptocurrency using mortgage funds. Brisbane-based Bank of Queensland, a retail bank listed on Australia’s primary stock exchange is discouraging its borrowers from using real-estate mortgages to purchase cryptocurrency after deeming it a high-risk investment, according to the Australian

The post Bank of Queensland Bans Crypto Purchases Using Home Equity Loans appeared first on CCN

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